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Business, 07.11.2021 09:30 miriam62

An Eastern account underwriting of $100 million in municipal bonds is established. ALFA Securities agrees to underwrite 10% of the issue and sells out its allotment of $10 million. However, some of the other firms participating in the deal are not as successful, and $15 million worth of bonds remain unsold. What is ALFA Securities' financial obligation

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An Eastern account underwriting of $100 million in municipal bonds is established. ALFA Securities a...

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